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DraftKings Launches Prediction Market App Under CFTC Regulation

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DraftKings has launched a prediction market app under CFTC regulation, with a focus on Countering the Financing of Terrorism. The app, DraftKings Predictions, lets users trade contracts tied to real-world outcomes, starting with sports and financial events. It will operate separately from the sportsbook and route trades through CME Group and Polymarket. The platform aims to boost liquidity and crypto markets access in states like California and Texas, where online sports betting remains illegal.
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